243 Hazelwood Avenue

Meadowood, Winnipeg

Property score

66.3

Good

Overall 66.3 · Compared with neighbourhood average

1,120 sqft (top 32%) · Built in 1975 (3 yrs older than avg)

Located in a high-income area with median household income of ~95k

Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 1 shop, 2 parks, and 1 government office nearby

Living Area

Near average

1% larger than neighborhood avg.

Year Built

Near average

3 yrs older than neighborhood avg.

Mother tongue

English · 72%French · 4%

Past 10 years Meadowood sales snapshot (~80% of all data)

Sold Count

624

Median price

392.3k

$/sqft

$432/sqft

Avg build year

1978

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Property score

66.3 is composed by the two sections below.

Property Score

61.3Fair
Living Area1,120 sqft60Fair
Year Built197558Fair
Lot Size5,197 sqft67Good
Neighbourhood Sales Activity74Good

Community Score

73.8Good
Household Income83Excellent
Education Level44Low
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health52Fair

Neighbourhood Sales

Meadowood

How to read: Share of sales in each ~$50k price band for “meadowood” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110481

Community deep dive

$95K

Median household income

$116K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

13%

Single-person households

35%

Families with children

Population, labour & age

Population (2021)507
Labour force participation rate63%
Median age42.8
Avg household size2.7
Unemployment rate17%
Population density2414 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households13%
Couple families with children35%
Median household income (2020)$95K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$336K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority21%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 72%
Mother tongue (2nd)French · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,120 sqft
0255075100
Same streetTop 16%Same areaTop 32%CitywideBottom 42%
Same street · Hazelwood Avenue
#11 / 70
Top 16% · Avg 1,003 sqft
Same area · Meadowood
#531 / 1,668
Top 32% · Avg 1,114 sqft
Citywide · Winnipeg
#112,617 / 194,458
Bottom 42% · Avg 1,342 sqft

Tax-Assessed Value

Elite
427k
0255075100
Same streetTop 3%Same areaTop 14%CitywideTop 33%
Same street · Hazelwood Avenue
#2 / 70
Top 3% · Avg 376.2k
Same area · Meadowood
#227 / 1,668
Top 14% · Avg 375.6k
Citywide · Winnipeg
#63,248 / 194,458
Top 33% · Avg 390.1k

Year Built

around average
1975
0255075100
Same streetTop 41%Same areaTop 47%CitywideTop 40%

Lot Size

around average
5,197 sqft
0255075100
Same streetBottom 36%Same areaBottom 43%CitywideTop 50%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

243 Hazelwood Avenue — 4 amenities found within 500 m, across 3 categories, including 1 shopping (nearest 396 m), 2 parks (nearest 280 m).

Search radius
🛒Shopping1
🌳Parks2
🏛️Government1

Crime & Safety

Meadowood · WPS public data · 2026

Annual incidents

24

2026

vs. city avg

-19%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

58%

Sales History

Sold 7/2019CA$300k–350k
Sold price

Same street

Bottom 46%

Same area

Top 47%

City-wide

Bottom 48%

Related homes

Highlights & common questions: 243 Hazelwood Avenue, Winnipeg

Property Overview

This home at 243 Hazelwood Avenue in Meadowood presents a compelling opportunity in Winnipeg’s residential market. Built in 1975, it offers 1,120 square feet of living space on a 5,197 sqft lot. The standout feature is its assessed value of $42,700, which ranks in the top 3% on its street and the top 14% in the broader Meadowood area, indicating a strong valuation relative to its immediate neighbours. The living space is also above average for Hazelwood Avenue, ranking in the top 16%. The lot size and year of construction are consistent with area norms.

The appeal lies in its position as a value-oriented property within a well-established neighbourhood. It’s not the largest home, but it holds a premium assessment on its street, which can be a sign of good condition, desirable location on the block, or favourable improvements. This suits first-time buyers seeking an entry into a stable community, or value-focused investors looking for a property with a solid assessment foundation. It’s a practical choice for those who prioritize neighbourhood equity over sheer size, as it outperforms many nearby homes in key financial metrics.

Frequently Asked Questions

1. Why is the assessed value so high compared to other homes on the street?
An assessment in the top 3% on the street often reflects factors like recent updates, a premium lot location, or overall condition that the city assessor has valued above others. It suggests the property is considered one of the most valuable on Hazelwood Avenue.

2. How does the living space compare to a typical home?
At 1,120 sqft, it is above average for its own street but closer to the average for the wider Meadowood area. This indicates a comfortable size that is well-suited to the neighbourhood, neither exceptionally large nor small.

3. What does the sold price history indicate?
The home sold between $300,000 and $350,000 in 2019. This historical price, combined with its current high assessed value for the area, suggests a history of being valued strongly in the market.

4. Is the lot size a pro or a con?
At just over 5,000 sqft, the lot is average for the area. It provides standard outdoor space for a home of this era without being a standout feature for extra development or requiring excessive maintenance.

5. Who would this property not suit?
Buyers seeking a very modern home or the largest lot on the block may find it average in those respects. Its strengths are in value and positioning within the immediate locale, rather than in standout size or newness.

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